The Liberian government is mounting a sustained campaign against corruption to win trust and new international investments, whether they come from the U.S. or China, Liberian President Joseph Boakai said in an interview with US media.
The former U.S. colony finds itself caught in a tug-of-war over African markets between Washington and Beijing, with the continent emerging as a key proving ground in a global economic competition.
Mr. Boakai said Liberia will not pick and choose between its American and Chinese friends when it comes to boosting an economy that is posting strong growth rates but remains among the poorest and least developed in the world.
“The traditional saying here is that when two elephants fight, the grass suffers,” Mr. Boakai said. “We hope that the big countries will understand that they have to coexist, that they will have to work along … to give us the chance to be able to do the things that we can do to provide sustainable life for our people. And I think sometimes they understand it.”
Liberia’s economy grew by 4.7% in 2023, helped by a surge in mining activity, according to the World Bank, and is expected to average growth rates of nearly 6% over the next two years. But some two decades after the end of a devastating civil war, half of the country lives below the official poverty line and the country’s GDP per capita ranks as one of the lowest in the world.
Liberia’s new president took office in January following a narrow election victory, winning in a runoff. The relatively smooth transition to power was hailed by the U.S. Institute of Peace, which said it demonstrated a “path toward democracy in West Africa.”
Mr. Boakai, 79, defeated incumbent President George Weah, a national soccer hero who was more than 20 years his junior, and the new president has made rooting out corruption a public priority.
The latest global ranking issued annually by Transparency.org put Liberia 145th out of 180 nations on the group’s Global Corruption Monitor, dropping one place from the year before.
Liberia joined China’s Belt and Road Initiative in 2019, with Mr. Weah adding the coastal nation with a population smaller than Maryland to the list of more than 150 countries and international organizations participating in China’s multitrillion dollar infrastructure development plan.
Washington has long viewed Beijing’s program with skepticism, warning recipients are in danger of falling into a “debt trap” and facing large bills when the projects are completed.
Mr. Boakai met with China’s ambassador to Liberia in February soon after taking office. According to China’s Ministry of Foreign Affairs, Mr. Boakai pledged to oppose Taiwan’s independence and said Liberia cherished its good friendship with China.
The president told The Washington Times he also values Monrovia’s relationship with the U.S. He said his visit to America came at the invitation of the Biden administration, and included a stop at the U.S.-Africa Business Summit in Dallas, Texas.
